Strong Chinese demand pushing pork prices higher

A shortage of hogs in China has fueled a 7.6% spike in Chinese pork prices and a 76% spike in exports to China.

Prices of U.S. lean-hog futures rose by 40% in the first six months of 2016, beating oil, stocks and gold and climbing to an 18-month high of $0.87 a pound on June 16. Investors expect hog prices to continue their climb into the next six months, as the U.S. Commodity Futures Trading Commission reported that bets on higher hog prices outnumber bets of a downturn by eight to one.

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